February, 2023

Third Coast Capital Advisors served as exclusive financial advisor to AFC Industries, a portfolio company of Bertram Capital Management, in its acquisition of PF Markey.  Our Acquisition Search services included identifying the target and making contact with its owner, as well as providing assistance on valuation, transaction structure and the negotiation and closing of the transaction. This transaction represents the ninth acquisition that we have sourced and closed for AFC and is a good example of our ability to identify and execute proprietary, strategic add-on acquisitions for private equity portfolio companies.  

PF Markey, based in Saginaw, Michigan, is a leading value-added distributor of cutting tools, abrasives and other plant supplies.  The company has been a leader in industrial vending and vendor managed inventory (VMI) since the 1990’s.  PF Markey will be part of the AFC tooling division along with Cline Tool. 

AFC Industries, based in Fairfield, Ohio, is a united group of companies providing supply chain management expertise in support of original equipment manufacturers (OEM’s) and their assembly plants.  AFC is a value-added provide of fastening and other assembly components (C-Items), specializing in “Point-of-Use-Delivery”, vendor managed inventory systems.  The company supports a diverse industry base of manufacturers that include medical, rail, solar energy, defense, automotive, fluid handling, food equipment, lighting, and many other industries.